COURSE OVERVIEW:

Strategy skills are becoming more and more important in the new economy. Employers want their employees to know how to contribute to the organisational strategies and think strategically about their own jobs and responsibilities. But because most people have not had strategy skills training or classes, the gaps between knowledge and experience are usually very wide. Not only that, even employees that have been with companies for a long time lack the know-how required to create and develop a strategy and apply strategic thinking to their tasks and responsibilities so they are prepared for the future.

Strategic thinking is defined as a mental or thinking process applied by an individual in the context of achieving a goal or set of goals in a game or other endeavour. As a cognitive activity, it produces thought.

When applied in an organisational strategic management process, strategic thinking involves the generation and application of unique business insights and opportunities intended to create competitive advantage for a firm or organisation. It can be done individually, as well as collaboratively among key people who can positively alter an organisation's future. Group strategic thinking may create more value by enabling a proactive and creative dialogue, where individuals gain other people's perspectives on critical and complex issues. This is regarded as a benefit in highly competitive and fast-changing business landscapes.

Developing strategic skills helps:

·       People think and act like a business and create strategic contributions to the organisation.

·       Promote creative thinking, hard work, boldness, and discipline.

·       Unleash motivation by helping empowered employees to align themselves and their work with the overall organisational strategy.

·       People understand what drives success and how to personally contribute to the long-term viability of their roles and the organisation.

·       Promote strategic thinking that filters up ensuring greater success over a top-down-only format.

The hallmark of strategy skills is that they deal with particularly complex and often ambiguous factors – and require iterative and holistic thinking about the issues.

Strategy skills span different forms of strategic decisions. This course gives you an in-depth analysis of many of the Business Strategy Skills including acquisitions, alliances and investment, and also general awareness of competitors and the global and economic environments. Strategy skills also entail helicopter thinking, storytelling, and risk and uncertainty analysis. This is accomplished within the following format:

·      definition of the skill,

·      its pros and cons,

·      when it is needed,

·      the relevant techniques,

·      takeaways.

LEARNING OUTCOMES:

By the end of this course, you will be able to understand:

·       The importance of developing strategic skills

·       The acquisitions appraisal skill. The pros, the cons, when it is needed, relevant techniques and takeaways

·       The Acquisitions and deal-making skill. The pros, the cons, when it is needed, relevant techniques and takeaways

·       The alliances skill. The pros, the cons, when it is needed, relevant techniques and takeaways

·       The competitor awareness skill. The pros, the cons, when it is needed, relevant techniques and takeaways

·       The divestment skill. The pros, the cons, when it is needed, relevant techniques and takeaways

·       The economic awareness (MACRO) skill. The pros, the cons, when it is needed, relevant techniques and takeaways

·       The factors that makes economy vulnerable

·       The economic awareness (MICRO) skill. The pros, the cons, when it is needed, relevant techniques and takeaways

·       The two useful techniques for economic awareness (micro) and takeaways

·       The pros and cons of the growth driver analysis

·       The Porter’s five competitive forces. The pros and cons of Porters five competitive forces

·       The global awareness skill. The pros, the cons, when it is needed, relevant techniques and takeaways

·       The forces that determine industry profitability

·       The helicopter thinking skill. The pros, the cons, when it is needed, relevant techniques and takeaways

·       The regulatory awareness skill. The pros, the cons, when it is needed, and useful techniques for coping with regulatory awareness and takeaways on regulatory awareness

·       The risk and uncertainty analysis skill. The pros, the cons, when it is needed, relevant techniques and takeaways

·       The uncertainty/importance grid

·       The storytelling skill. The pros, the cons, when it is needed, relevant techniques and takeaways

·       The features of a cunning plan

COURSE DURATION:

The typical duration of this course is approximately 2-3 hours to complete. Your enrolment is Valid for 12 Months. Start anytime and study at your own pace.

COURSE REQUIREMENTS:

You must have access to a computer or any mobile device with Adobe Acrobat Reader (free PDF Viewer) installed, to complete this course.

COURSE DELIVERY:

Purchase and download course content.

ASSESSMENT:

A simple 10-question true or false quiz with Unlimited Submission Attempts.

CERTIFICATION:

Upon course completion, you will receive a customised digital “Certificate of Completion”.